Funding pledge helps Spurs commit to stay in Tottenham
Published: 31st Jan 2012 12:43:53
Tottenham Hotspur Football Club has confirmed it will stay in the area after funding pledges from Haringey Council and the London Mayor.
Subject to approval, Haringey will invest £9m and Boris Johnson has committed £18m for mass regeneration.
Spurs chairman Daniel Levy said public funding strengthened the club's ability to deliver a new stadium scheme.
Last year, the club abandoned plans to move to the Olympic Stadium after the Games.
Spurs has committed to progressing the Northumberland Development Project (NDP), which could bring a modern football stadium, new homes, shops and leisure facilities to Tottenham.
Mr Levy said: "As a major employer and business in the area we are delighted with this commitments from the Mayor and Haringey Council.
"We have long said we could only invest in the area if we could see our commitment supported by others and there was a real need to maximise the regeneration benefits and lift the wider area."
Haringey Council leader Claire Kober said the authority had been eager to support Spurs in their efforts to stay in Tottenham.
Boris Johnson, through the Mayor's Regeneration Fund, is making other money available to help with regeneration projects in the wider Tottenham area including £4.5m for an employment and skills programme and £4m to help buy key sites to bring forward for development on the High Road and Tottenham Hale.
Tottenham MP David Lammy said: "The recession and the anaemic growth that has followed have hit this corner of north London harder than anywhere else.
"At the moment, Tottenham has the highest number of jobseekers in London and the fourth highest in the country.
"Whilst no-one expects the new ground to be a silver bullet that will solve Tottenham's economic woes, this is certainly the most significant step yet to transform the area's future. "
Earlier this month, Spurs delisted its shares from the stock market and went into private ownership as part of its plans to raise money for a new stadium.
The club had expressed an interest in taking over the Olympic Stadium, but a legal wrangle arose after West Ham United and Newham Council were awarded the stadium to use after the 2012 Games.
At 23:45:24 in SportBayern Munich winger Arjen Robben was surprised by Real Madrid's approach to the Champions League semi-final first leg in Madrid.
At 23:28:38 in HeadlinesThe first contingent of US troops has landed in Poland for military exercises amid tensions with Russia over Ukraine.
At 22:39:30 in Sport
At 22:39:22 in Business
At 22:33:12 in Entertainment
At 22:29:03 in BusinessTroubled online game-maker Zynga reported a first-quarter loss of $61m (£36m).
At 22:26:07 in Sport
At 22:17:12 in England
At 22:03:05 in Sport
At 21:43:34 in Business
Harvard CitationBBC News, 2012. Funding pledge helps Spurs commit to stay in Tottenham [Online] (Updated 31st Jan 2012)
Available at: http://www.ukwirednews.com/news/222240/Funding-pledge-helps-Spurs-commit-to-stay-in-Tottenham [Accessed 24th Apr 2014]
News In Other Categories
Private parking firms paid more than £6m to the DVLA for the names and addresses of drivers in the past year - an increase of 28%, figures suggest.
The first contingent of US troops has landed in Poland for military exercises amid tensions with Russia over Ukraine.
Bayern Munich winger Arjen Robben was surprised by Real Madrid's approach to the Champions League semi-final first leg in Madrid.
With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com